Covid-19 impact: Internships for B-school students put on hold

Covid-19 impact: Internships for B-school students put on hold [ad_1]

“Sorry, your internship offer has been revoked due to Covid-19.” First-year MBA students throughout IIMs — from Lucknow to Shillong — and different B-schools have taken to skilled networking website LinkedIn to air their displeasure after corporations revoked internship affords citing financial uncertainty following the Covid-19 second wave.

From cybersecurity to business-to-business gross sales and mid-sized startups, corporations throughout sectors have knowledgeable B-school placement cells that the internships are on hold or that they might not pay stipends, not less than a dozen MBA students informed ET.

“They should’ve told us before. They kept on stalling,” a pupil at one of many IIMs mentioned, asking particularly that the IIM be not named.

ET couldn’t independently confirm what number of such internship affords had been refused throughout the B-schools, however a cursory look at LinkedIn reveals scores of rejection posts by students searching for internships elsewhere.

The IIM pupil mentioned the withdrawal was introduced simply three days earlier than his becoming a member of date regardless of repeatedly checking with the interior placement cell main as much as the beginning date. “We lost a month, I would’ve gone to some other company and interned.”

For many students who’ve a hefty training mortgage to repay, an internship is vital to step up from the primary to the second 12 months.

Internships for B-school Students Put on Hold

The uncertainty is now inflicting them to take up any position on provide. “People are trying to exploit us for work we do as an intern,” mentioned a 25-year-old who took to LinkedIn to search out an internship after his provide was withdrawn. “It has become a joke at this point. They are hiring from IIM and they don’t want to pay. That hurts.”

Another pupil whose internship supplied was not honoured mentioned: “We are looking for new opportunities through our own contacts but it’s difficult due to the ongoing pandemic.”

A 23-year-old MBA pupil from Bareilly, Uttar Pradesh, was knowledgeable by a Mumbai-based ed-tech startup per week after becoming a member of that he would now not be paid attributable to “pandemic-related reasons.”

“Business valuation can be done from home. I would have done it on my laptop even if I was working out of their Noida office. There is no difference,” the scholar, who has taken an training mortgage of Rs 17 lakh, mentioned.

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